China shares higher at close of trade; Shanghai Composite up 2.49%

  • Investing.com
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China shares higher at close of trade; Shanghai Composite up 2.49%
Credit: © Reuters.

Investing.com – China equities were higher at the close on Monday, as gains in the Banking , Life Insurance and Real Estate Investments & Services sectors propelled shares higher.

At the close in Shanghai, the Shanghai Composite gained 2.49%, while the SZSE Component index climbed 2.80%.

The biggest gainers of the session on the Shanghai Composite were Changchun Sinoenergy Corp (SS: 600856 ), which rose 10.09% or 0.570 points to trade at 6.220 at the close. Zhejiang Whwh (SS: 600576 ) added 10.06% or 0.49 points to end at 5.36 and Shanghai Highly Group Co Ltd A (SS: 600619 ) was up 10.04% or 1.130 points to 12.390 in late trade.

Biggest losers included Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS: 600165 ), which lost 10.02% or 1.340 points to trade at 12.030 in late trade. Zhejiang Huahai Pharmaceutical Co Ltd (SS: 600521 ) declined 9.99% or 2.280 points to end at 20.540 and Zhengping Road & Bridge Construction Co Ltd (SS: 603843 ) shed 9.95% or 0.910 points to 8.240.

The top performers on the SZSE Component were JPMF Guangdong Co Ltd (SZ: 002600 ) which rose 10.04% to 5.04, Xinjiang Goldwind Science & Technology Co Ltd Class A (SZ: 002202 ) which was up 10.04% to settle at 12.93 and Hangzhou Tigermed Consulting (SZ: 300347 ) which gained 10.00% to close at 62.79.

The worst performers were Beijing Baofeng Technology Co Ltd (SZ: 300431 ) which was down 10.02% to 12.75 in late trade, Wonders Information (SZ: 300168 ) which lost 10.01% to settle at 19.14 and Yinji Entertainment Media Co Ltd (SZ: 002143 ) which was down 10.01% to 10.88 at the close.

Advancing stocks outnumbered falling ones by 1325 to 70 and 15 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 24.92.

In commodities trading, Gold Futures for August delivery was up 0.38% or 4.80 to $1260.60 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.15% or 0.11 to hit $73.69 a barrel, while the September Brent oil contract rose 0.51% or 0.39 to trade at $77.50 a barrel.

USD/CNY was down 0.33% to 6.6218, while EUR/CNY fell 0.23% to 7.7858.

The US Dollar Index Futures was down 0.10% at 93.67.

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